Scholarly publishing technology provider, HighWire, today announced the appointment of Tim Bacci as President and Chief Executive Officer.
Tim joins HighWire with over 25 years of operational and transactional experience in technology companies in all stages of growth, both public and private. He most recently served as President and CEO of software and information services company Daegis, Inc., leading to its successful acquisition by OpenText, a global leader in Enterprise Information Management. Tim has extensive experience as a consultant to executive teams and venture investors in both early and later stage application-centric software companies, and has deep expertise in the enterprise SaaS, infrastructure and IT segments.
Founded in 1995 at Stanford University during the early days of the web, HighWire has led the evolution of digital publishing since 1995, providing the scholarly publishing community with innovative technology and market-leading capabilities.
During its 25 years of operation, HighWire has become a strong and profitable company backed by Stanford University and leading Silicon Valley private equity firm Accel-KKR, who acquired a stake in the organization in 2014. Over the last five years, Accel-KKR has funded almost $20M to enhance HighWire’s infrastructure which now provides the most current, the most reliable and the fastest technology hosting service in the industry.
John Sack, Founding Director of HighWire and recently named to the Board of Directors, welcomed the appointment of Tim Bacci to lead HighWire into its next stage of growth: “We are delighted to have someone of Tim’s caliber and experience. In addition to being a strong customer-focused leader, he is a technology visionary with a proven track record of execution. I look forward to working with him closely as he absorbs the nuances of scholarly publishing and hits the road to meet with our valued customers in the coming weeks.”
“I am honored and excited to lead HighWire and our dedicated and talented team into our next stage of growth,” said Tim Bacci. “Balancing the partnership of technology with best practices to meet the dynamic challenges of the unique and rewarding scholarly publishing community is what HighWire does best. I sincerely believe in continuing to better enable the science and discovery of tomorrow by focusing on innovation in publishing and research, and I look forward to the opportunity to interact with our customers to better understand how HighWire can not only meet their current and future needs, but exceed them.”
HighWire is a global provider of digital publishing solutions and platform expertise across all aspects of the publishing life cycle, including content management and hosting, e-commerce, analytics, access and identity management, manuscript submission and tracking.
Born out of Stanford University, HighWire is backed by Stanford and private equity firm Accel-KKR, recently listed as the top founder-friendly investors for entrepreneurial partnership. This combination of deep digital understanding, academic expertise and strong financial backing makes HighWire the technology partner of choice for world-leading commercial and academic publishers.
Accel-KKR is a technology-focused investment firm with over $9 billion in capital commitments. The firm focuses on software and IT-enabled businesses well-positioned for top-line and bottom-line growth. At the core of Accel-KKR’s investment strategy is a commitment to developing strong partnerships with the management teams of its portfolio companies and a focus on building value through significant resources available through the Accel-KKR network. Accel-KKR focuses on middle-market companies and provides a broad range of capital solutions including buyout capital, minority-growth investments, and credit alternatives. Accel-KKR also invests across a wide range of transaction types including private company recapitalizations, divisional carve-outs and going-private transactions. Accel-KKR is headquartered in Menlo Park with additional offices in Atlanta and London. For more information, please visit accel-kkr.com.
About Stanford University Libraries
The Stanford University Libraries is more than a cluster of libraries; it connects people with information by providing diverse resources and services to the academic community. The Libraries includes more than 20 individual libraries across campus, each with a world-class collection of books, journals, films, maps, databases, and more. The Stanford Digital Library is one of the most advanced digital libraries in the world with extensive digitization programs for books, manuscripts, maps, 3d objects, images, audio, video and historical software and data files. Library experts in search, digital curation, digital humanities, computational social science, and digital preservation work hand-in-glove with students, faculty and research centers to build next generation applications and research corpora.